Skip the exam, get the term life coverage!

The following providers all offer term life without the medical exam.

In many cases, you’ll get a decision in as little as 20 minutes after you complete your online application.

But there is a trade-off. Not passing traditional medical underwriting means these no-exam policies typically are more expensive than their medically underwritten counterparts — and their coverage amounts may be limited.

That’s the bold claim made by this provider of term life insurance with no medical exam required.

Of course, that’s just promotional pricing for the first month of the policy. It resets at whatever rate you agree to for the life of the policy the following month.

Globe boasts on its website that adult rates can be as low as $3.49 a month. That’s because the maximum coverage offering is only for $50,000. With money expert Clark Howard recommending you buy 10 times your annual income in term life insurance, that’s far too little for almost anyone.

Haven Life is another company that will let qualified applicants (up to age 45) finalize coverage online without the need for a medical exam.

On its website, Haven says a 35-year-old male in excellent health will typically pay $21 a month for a $500,000/20-year term policy.

Haven recently upped its maximum coverage offering from $1 million to $2 million. All policies are issued by Massachusetts Mutual Life Insurance Company, an A++ rated company for financial strength and stability.

Here are a few other real rates from anonymous policy holders Haven lists online: